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USDCHF technical analyses so given the chart pattern we have a broken trend on daily but in weekly everything is noraml and we can see that there is a good chance that market will hit the area and then we can look for entry on 4h timeframe where momentum shifts so you can take short here to that area with your own R/R but on that area based on fibo retracement on weekly you can look for long . but this is a game of probability so make sure to have your stop loss ready ! good luck ! Alien2a
Long
by Alien2a
Begbies Traynor LSE - Classic Cup and Handle on daily chart Hi everyone, Just giving a quick analysis on one of the AIM-listed stocks on the LSE (London/UK). As you can see, there is a clear cup and handle forming on the daily chart, and it is an incredibly clean example in reference to what you would technically find in a text book. The resistance is at 115p, and this week it has seen a breach above next to the 120p level. The company itself is also fairly good on the fundamental side - its latest fundraising (secondary offering to help finance another acquisition) was recently oversubscribed and the placing price was above market price, which the share price higher from 105p to 115p. As it is seemingly breaking resistance now, the question is about whether there will be a retest of the 115p level, or whether it will continue above 120p and onwards. Canaccord currently has a 170p price target on the stock, as issued earlier in March. The cup and handle may signify a strong climb as the UK eases lockdown. Another buying opportunity would be in the case where the price will fall to the lower red upwards trendline, which seems to be a good support for the price. Disclaimer: I hold BEG at 105p average. Please do not take as professional financial advice. Always do your DD. Thanks!
LSE:BEGLong
by michaeldobfx
WTCUSDT With candle pattern explanation.Hello traders. On this chart, I have explained why I will be going long on WTC/USDT pair. I have supplied an explanation and a diagram outlining one of the candlestick patterns I trade and the rules involved in using it. Basically, its price overlap or temporary equilibrium. This creates a need for the market to expand up or down. This is a bullish pattern the opposite would be bearish. Try and do some historical research on prior data and see if you can locate this pattern. It will help you to understand its function. I hope this helps and good luck to all the traders.
WLong
by Avery_Upton
2
Cardano could to form a potential ascendent triangleAt the moment, looking in this timeframe, Cardano it's still consolidate and we could to have a formation o this bullish ascendent triangle in formation. As we have a bullish rising wedge, my other confluence it's that Cardano make support above of $1.20 USD and then, we can to continue up if the support of $1.20 USD it's validated, now as we are in the $1.1840 USD approximately, Cardano could to show us any possible rejection in this support, countdown the past candlestick, we have in this series of indecicion candlestick pattern and we can to make the intererence that Cardano make any support, but as we are in the important and critical zone that Cardano need to make any decision. If Cardano up, we're okay and then, we can to valided this bullish rising wedge to continue up and invalided this ascendent triangle, but in otherhand, i Cardano down, well, our next support it's this trend line, and it's very important for me, becuase this point could to make an exactly formation of this bullish ascendent triangle. That will be my plan, but the only that I still my break even in my price entry that was around of $1.13 USD. One thing that I want to mentioned here it's that we can to have forecas that Cardano easily go to $3.30 USD into this bullish chartist pattern, that it's a good signal. As I say you, if this bullish rising wedge it's valid, we can to see however a next forecast of $3.30 USD. And finally, I like this chart,today in less of 24 hours, we closed up this candlestick o 3 Daily chart and depend o it, we can to know the result today. It's very important, becuase I'm long in Cardano to $2 dollar, but in any case, I can to update my target profit to $3.30 USD, that it's amazing target toward the medium term to keep my Cardano trade contracts. Guys, i you like this idea and if you found out good content, I invite you to share this analysis with others traders, people and Cardano enthusiastic and holders.
BINANCE:ADAUSDLong
by harisonhbn9718
6
AUD/CAD Analysis - Upside correction/trend continuationWelcome back! Please support this idea with a LIKE if you find it useful. *** AUD/CAD - Currently holding support at 9670. I expect to see a correction to the 50% Fib level and then a trend continuation on the Daily. Price could also re-test previous resistance at 9760 (red zone). We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. On this chart, red zone = potential sell, grey zone = potential buy, white zone = potential take profit target. We also use the tp zones for potential sell/buy. Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support! Brian Kenya Horton, BK Forex Academy
Long
by BKTradingAcademy
AMC BLASTOFF/MOON/MARSAMC I have been studying this chart long before the hype and missed out. I strongly believe AMC has all the potential to reach these high numbers. Based from the pattern i placed, this has a cup and handle formation. A deadly formation for the hedgies. Based from the market, everyone seems to be bullish on AMC! As more and more vaccinations become available and the general economy and stim comes through, we are going to see this pattern play out accordingly. This upcoming earnings is going to be a pivital role in reversal of the bear market.
NYSE:AMCLong
by Lil_Goat
Your Forex trading has to revolve around the daily chartFirst of all you are going to quit your 5 minutes charts. What is this? Day trading? If you are a day gambler I have a few words for you. It is the most obviously stupidest scheme I have ever seen. Not only retail day trades this is true, there are some institutions that day trade Forex too. The pros. The big boys. Not a single one of the "pros" makes money day trading (playing directional). Academics literally took the entire trading data from banks and found 0 profitability. That's for the results. Now what is the purpose of it? Hedging market risk in the next hour? Who hedges intraday? Banks? China? The Saudi wealth fund? Amazon? What do day gamblers think the purpose is? The market was created as a casino for the forex lifestyle? According to the BIS triennial survey approximately 30% of the FX volume is in spot, 50% in swaps, 15% in outright forwards. The smallest swap maturity is for the next day (overnight), the smallest forward maturity is 2 business days. In the Forex market, THE CONCEPT OF "INTRADAY" ITSELF DOES NOT EVEN EXIST. The only type of forex intraday contracts were binary options, some obvious scam created by brokers targeted at retail "investors" to fleece idiots of their money, the scam was so blatantly obvious the regulators all agreed to totally ban it. www.bis.org If you have been day gambling for over a year you have lost money to your broker and odds are you lost money to one or two laughable "forex day trading education" courses, possibly from a "legit from the industry" and "actual institutional trader" that never made money once in his life and whose job was to execute clients orders. So if you want to argue come with a live account track record, show me your years of consistent profit and then defend this scam. Daily chart. If you want to check the monthly or weekly you don't need to look at those every day, and nothing is happening there, unless you are looking at some emerging country or something. And none of that 600 minutes, 12 hours, and other nonsense. No one cares what happened inside of that daily candle; it might as well not exist at all. We live on planet earth, we have a daily cycle, we all sleep every 24 hours, for the most part. So daily chart. And businesses, countries, banks do not take "daily" decisions, it's month to month, quarter to quarter. Only the daily chart makes sense. Or are you going to explain to me that there is a fractal FED interest rate decision, a secret mini rate hike that you only hear from if you look at the 5 minutes chart?
Education
by MrRenev
6